Doing a placement at the same time P3 positive results are released does raise a query for me as to the confidentiality of the P3 trial results.
The results are released at 8.22am and the TH is called at 8.42am obviously before commencement of TH. With the knowledge of the P3 results any party participating in the placement can better manage their participation having the benefit of the results.....very strange announcement timing.
Perhaps it will be placed at a significant premium (40 cents) to reflect the value creation from the results.
Interesting day tomorrow and the only way it up IMHO
Ann: Trading Halt, page-168
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